 |
Construction Contracts
| (in
TEUR) |
2005 |
2004 |
|
|
|
|
|
| Contract revenue
recognized as sales in the period |
1,070,884 |
944,988 |
|
| Contract costs incurred
and recognized profits |
|
|
|
| (less recognised losses) to date |
1,666,753 |
1,344,997 |
|
| Advances received and
progress billings |
1,836,831 |
1,426,880 |
|
| Amount of retentions |
348 |
1,233 |
|
|
|
|
|
constructioncontracts.htm
constructioncontracts.xls (Download size=16384 Bytes):
"The billings in excess of costs and earnings of projects under construction” represent primarily payments from customers for work, which is not performed yet.
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